• Everything is progressing in a SUPERFANTASTIC way!
• The budget IS in the Iraqi Wed Gazette, which is the legal requirement for implementation. This is confirmed by multiple sources. ( remember the 3 day censorship in Iraq)
• This budget HAS to stipulate 1166 dinars per dollar because that is where it has been pegged for the past 20 or so years.  It MUST 1) come out at that, then 2) Iraq is permitted to ReInstate (RI) their currency from the 1993 mandated penurious rates established to stop Saddam, then 3) if and when Iraq wants to they can ReValue (RV) it.  This is what is expected.  It is not clear of the timings, but Tony and DC expect the time between 1) and 2) to be very short. AND we will not get the WORD until 2) happens!   They expect the time between 2) & 3) to range between minutes and weeks, with a leaning toward the minutes, per Shabibi (new governor of the CEntral Bank of Iraq CBI). Recall that Shabibi wants the dinar in the $6-$9 range.  So if we get into his head, that could happen with an RI instantly, then allow several laws to go into effect in Iraq and people anxious in USA to CE (takes maybe 5-10 days), then release the dinar onto FOREX to float and get the hedge funds involved and push it up, then the RV happens simultaneously.  It is a mystery!
• The change we await is expected to happen at night.
• The change has been favored in the USA over a 3-day weekend. GUESS what this is coming up???  THis gives Iraq a chance to get it out while the markets are closed and to stabilize and update DBs all over the world.
• Tony & DC will know within minutes when it occurs, and will TWEET that info to us. BUT that doesn’t mean we get to go to banks or make calls. It means that T/DC await the “package” and training.  Then they will call us either a one shot deal, or they might be able to give us help for 4-7 days.  That seems undecided, with some factions favoring zero time for T/DC and some 14 days.  We shall see.  IFFFFFF they get to do calls, I will forward the info for you to each listen yourselves and take what you want away from the calls so you can hear it straight from the horse’s mouth. I will not listen and do a report.  Remember it is YOUR rodeo now.
• T/DC said they hope this is their LAST call that is not the one we all want!
• DC implied he expected it to start tonight in Iraq and be held for 1-48 hrs there, then be released to us & the world.  This fits with wanting our markets & FOREX closed, and closed for 3 days yet!  That says to me I hope to be awakened FRI NITE with a Tony Tweet!!
• DC said, “He doesn’t see a scenario that includes the RV going past Monday here.”   AND Iraq has to do it before we go, remember.
• Today at 1:00 MST (Right now! as I type; but now an hour later as I complete it. Lol) Abadi is slated to give a speech in Iraq.  At 3:30 EST Obama is giving one.  At 5:00 EST Christine La Garde of the IMF is giving one on the global economy, the USA, and Greece.
• Once this goes, I will be signing an NDA and Tony and DC will not be out there anymore for us. So you will be on your own. Please keep that in mind for the remainder of this report.

• The rates are somewhere in the $3.41 to $3.95 range.
• There may well be an option to CE a few 25K notes (or other denominations) that can be used to pay bills, rescue credit cards, etc. until you decide to CE the rest to while you wait for your appointment time.
• There are a few scenarios for you:

• (Tab missing)Take the RI rate as soon as it comes out and run!

(tab missing)Exchange a few notes to hold you over until your appointment or while you wait for the RV.

• (Tab missing)Exchange a few notes or none as your circumstance dictates, then wait for the dinar to be on FOREX in a float mode and let it run, then CE.

This is for the international rate thus far.The contract rate is anywhere from 20% over international rate up to $28. DC was reassured this AM before our call that these rates  are still VERY much available as long as the pool lasts.

• Rumor is still $.08.
• Tony speculates that that can be the final rate, or it will quickly run up.
• Tony reminded us that the rate given for CEs this and last year already were $.47, $1.02, $2.45 and those were NOT contract rates! So VietNam will have some issues of legality, taxation, etc to not CE at a similar rate. SO it might very well run quickly, then plunge back down. So you will have to be vigilant.
• DC said that he was planning to hedge the dong on both the high run and the downside fall.  He thinks there will be downward pressure immediately, then after some period of time there will be strong upward pressure.  He justifies this due to once there is such a huge move from .000005 dongs per $1 to 1 dong per $.08 (or about 12 dongs/dollar) the Vietnamese economy will see a lot of growth and investments. Then once it settles down, the economy will jettison off.  DC summarized saying the $.08 will make it move FAST either up or down.
• Tony repeated that if it comes out at $.08 he will buy all the additional dong he can.  There is history that Viet Nam wants it in the $.50 cent range over the long haul.
• All of these estimates are NOT contract rates!  Those may still be viable as well.   The last rates I heard were $2 and $4 contract rates per dong.
• With all the SCAM rumors and what all, once FOREX gets hold of it and even at 8cents the hedge funds, etc will  BUY BUY BUY. That will drive it up like an IPO.  You need to watch it vigilantly. 
• Tony also recommended that you might be interested in using one of the Currency marketers to CE, such as Sterling Currency Group.   YOu can make a reservation on their site even now. They will lock your rate and even if they don’t get to you for 45 days you still get that rate, regardless of what it did in the meantime.

• Tony said, “YOUr entire future is determined by how you act in the Currency Exchange.”    He went on to say if you piss off the bankers or act like a “toothless crackhead”, they will ask you to remove  your money from their bank within 30 days.
• He pointed out you should determine how much you want your lifetime monthly income to be then find a way to invest to make that happen.
• For example he said, “If you end up with say $500,000 you can easily generate an income of $2000 additional a month for life.”  This would happen if you only made 5% a year on it, or $25,000.  With that amount of money a wealth manager or investment manager ought to be able to get that for you.  Hey, many companies  pay out over 5% dividends on their stock, so it should be pretty easy.
• Get good tax advice on trusts, foundations, depreciation, etc.  You need a tax lawyer and accountant.
• FOUNDATIONS: there are plenty out there. You do not need to start your own. It is a pit full of obstacles, so it is easier for the beginner to just use an existing one.   See my discussion below on Donor-Advised Funds.  These are for charitable giving.
• MCA: Multi Currency Accounts: These allow you to send other than US currency to a holding company like a bank, such as Everbank, and denominate your account in that currency. When that currency changes so does your balance.  You can hold multiple currencies in one account.  This might be a solution for those of you who don’t want to babysit FOREX.

• Tony & DC will be notified that RV is happening.
• Banks, politicians, agencies, etc, will not be notified until it is a done deal.
• Tony will TWEET out that it is underway.
• Tony/DC will get their training and “package”
• T/DC may only get to do one call that gives us the 800#s to make appointments, OR they may get to train us in a series of calls; If they DO this I will send it to you so each of you can listen yourself and hear it straight up.
• The Banks will begin the Currency Exchanges when they are ready, each on their own timeframe.
• Each bank will have their own 800#. SOme will use their Foreign Exchange number that they already have.   Now is a good time to look them up.
• At least Wells Fargo will have Currency Exchange Centers that they will use.
• The call to make your appointment will be allocated only 2 minutes, literally!  So be prepared. The banks want you to CE all your currencies at once, so that is what you need to be prepared to tell them in this 2 minute appointment-making call. Use the zip code of the bank where you want to do business if it isn’t the “one nearest you.”   They will advise you the address where to go, the date, and time,
• You can make ONE appointment per call and only one. So if you have to do some business exchanges along with personal it will take 2 phone calls.
• You are allowed to CE a few notes prior to your appointment if you are in a financial bind.
• At your appointment remember:

•       YOUR time slot is twenty minutes long (20 min).  That’s it.   Be organized. Get done what you can.
•       Bring 2 or 3 forms of ID, 2 of which need to be picture. These are to establish you are who you say you are.  A passport is preferred.
•        You are doing a CURRENCY EXCHANGE. Use no other reference to your business at the appointment.
•        Ask for the contract rate politely and ask to see the screens. I plan to say that “I understand there is a rate at about $28 and would like that one please.”   There are contract rates at 20% above the international rate and all levels up to $28.    BE PREPARED if the contract rate is not available and know ahead of time what exactly you will do. WIll you go to another bank? WIll you take the money and run?
•       Ask what the fees are. I plan to ask that they do not charge me 2% if that is what they tell me it is.
•       KNOW how much currency you have before you walk in.  COUNT IT.  Be organized.
•      The banker will count your currency, then double count it. MAKE SURE YOU AGREE!  They will seal it into a plastic bag with your name and amounts on it and put it in a safe. It will then be transported to a currency center where it will be verified by the count once more.
•     Have your bank account numbers at the ready.
•      Zero out your accounts before you deposit money. THis helps in taxation. Just ask for a cashiers check or cash for the balance in the account. Then ask for a receipt showing a $0 balance.  After your transaction, ask for a new receipt.  GO home and COPY these! Put it in your taxes folder for 2015 AND scan it into your computer if you are able.   Add your basis as well. IF it was a gift, the basis is $0.
•      The bank will determine how much $$ you have access to in what time frames.   I plan to reserve enough cash from the CE for a nice dinner and bottle of champagne then not spend anymore of it until I do some study and research.
•      The bank will try to set up an appointment with a wealth manager within 3 days, except for the large metro areas like SF, Dallas, Atlanta, Chicago that will take considerably longer. The banks will internally categorize you by the amount you have, as follows:

•             <$1M
•              $1M-$5M
•              $5M-10M
•              $10M – $50M
•             >$50M

If you are lucky enough to get the contract rate and have to sign an NDA, take your time and read it. The last we know is it is 4-6 pages long, depending on the amount you CE

Wait and relax before your appointment.  Dress for success.  Go to the bank looking like you have money because YOU DO!

Make a dry run to time traffic at the same time of day you will be going. Being late is not OK.

• So TOny and DC think it is imminent.
• Remember the date Feb 12 for Iraq was always put out there.
• Remember it is a 3 day weekend coming up.
• Remember there is a difference between the RI and the RV.
• Contract rates are available if you ask. The fees are negotiable.
• Watch for the appearance  of all currencies on FOREX and watch their activity to guide you when to go if you choose a delay tactic.